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Real Wage Adjustment in the Former Soviet Union

Real Wage Adjustment in the Former Soviet Union »

Source: Real Wage Adjustment in the Former Soviet Union

Volume/Issue: 1993/11

Series: IMF Policy Discussion Papers

Author(s): Louis Dicks-Mireaux

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 1993

ISBN: 9781451969603

Keywords: wages, wage, real wages, wage adjustment, inflation, Real Wage Adjustment,

Since 1991, the economies of the former Soviet Union have experienced sizeable shocks that have pushed equilibrium real wages far from pre-transition levels. This paper sets out a framework in which to assess the d...

Thailand
			: The Road to Sustained Growth

Thailand : The Road to Sustained Growth »

Series: Occasional Papers

Author(s): Erik Offerdal , Kalpana Kochhar , Louis Dicks-Mireaux , Jianping Zhou , Mauro Mecagni , and Balázs Horváth

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 December 1996

DOI: http://dx.doi.org/10.5089/9781557756039.084

ISBN: 9781557756039

Keywords: private investment, wages, wage, fiscal policy, adjustment period

Since the mid-1960s, Thailand's growth performance has been exceptional. Although hard hit by the external shocks fo the late 1970s and the early 1980s that proved severely destabilizing to many developing countrie...

The Role of Labor Market Rigidities During the Transition

The Role of Labor Market Rigidities During the Transition »

Source: The Role of Labor Market Rigidities During the Transition : Lessons From Poland

Volume/Issue: 1996/77

Series: IMF Working Papers

Author(s): Thierry Pujol

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 1996

ISBN: 9781451849967

Keywords: wage, wages, wage cost, labor market, labor adjustment

The transition to a market economy has been analyzed primarily from a stabilization prospective. To complement that approach, we focus on a pure relative price shock and subsequent price adjustments. A model of mon...

Adjustment Under a Currency Peg

Adjustment Under a Currency Peg »

Source: Adjustment Under a Currency Peg : Estonia, Latvia and Lithuania During the Global Financial Crisis 2008-09

Volume/Issue: 2010/213

Series: IMF Working Papers

Author(s): Catriona Purfield , and Christoph Rosenberg

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2010

ISBN: 9781455205448

Keywords: Internal devaluation, boom bust, competitiveness, wage adjustment, global financial crisis, wage, benefits, wages, fiscal balance,

The paper traces the Baltics' adjustment strategy during the 2008-09 global financial crisis. The abrupt end to the externally-financed domestic demand boom triggered a severe output collapse, bringing per capita i...

Appendix Private Investment Behavior in Thailand

Appendix Private Investment Behavior in Thailand »

Source: Thailand : The Road to Sustained Growth

Series: Occasional Papers

Author(s): Erik Offerdal , Kalpana Kochhar , Louis Dicks-Mireaux , Jianping Zhou , Mauro Mecagni , and Balázs Horváth

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 December 1996

ISBN: 9781557756039

Keywords: private investment, wages, wage, fiscal policy, adjustment period

This appendix presents results of an empirical investigation of the determinants of private investment in Thailand. During the 1970s and the first half of the 1980s, the ratio of pr...

I. Overview

I. Overview »

Source: Thailand : The Road to Sustained Growth

Series: Occasional Papers

Author(s): Erik Offerdal , Kalpana Kochhar , Louis Dicks-Mireaux , Jianping Zhou , Mauro Mecagni , and Balázs Horváth

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 December 1996

ISBN: 9781557756039

Keywords: private investment, wages, wage, fiscal policy, adjustment period

Thailand’s growth performance during the past three decades has been remarkable by any yardstick. Like most low-income developing countries, Thailand was severely affected by the external shocks of the late...

II. Long-Term Growth Performance

II. Long-Term Growth Performance »

Source: Thailand : The Road to Sustained Growth

Series: Occasional Papers

Author(s): Erik Offerdal , Kalpana Kochhar , Louis Dicks-Mireaux , Jianping Zhou , Mauro Mecagni , and Balázs Horváth

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 December 1996

ISBN: 9781557756039

Keywords: private investment, wages, wage, fiscal policy, adjustment period

Thailand’s economic growth performance during the past three decades has been impressive. In 1960, per capita gross domestic product (GDP) was only slightly higher than that in India, Pakistan, Ghana, and Mo...

III. Economic Developments and Adjustment, 1970–93

III. Economic Developments and Adjustment, 1970–93 »

Source: Thailand : The Road to Sustained Growth

Series: Occasional Papers

Author(s): Erik Offerdal , Kalpana Kochhar , Louis Dicks-Mireaux , Jianping Zhou , Mauro Mecagni , and Balázs Horváth

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 December 1996

ISBN: 9781557756039

Keywords: private investment, wages, wage, fiscal policy, adjustment period

The analysis in this section focuses on the shocks of the late 1970s and 1980s. The section also provides an overview of Thailand’s economic policy responses to the shocks. Initial Cond...

IV. Fiscal Policy

IV. Fiscal Policy »

Source: Thailand : The Road to Sustained Growth

Series: Occasional Papers

Author(s): Erik Offerdal , Kalpana Kochhar , Louis Dicks-Mireaux , Jianping Zhou , Mauro Mecagni , and Balázs Horváth

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 December 1996

ISBN: 9781557756039

Keywords: private investment, wages, wage, fiscal policy, adjustment period

How did fiscal policy contribute to the result that the slowdown in growth during the adjustment period was relatively modest and was followed by a shift to a markedly higher growth path? Two aspects of the...

V. Monetary Policy

V. Monetary Policy »

Source: Thailand : The Road to Sustained Growth

Series: Occasional Papers

Author(s): Erik Offerdal , Kalpana Kochhar , Louis Dicks-Mireaux , Jianping Zhou , Mauro Mecagni , and Balázs Horváth

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 December 1996

ISBN: 9781557756039

Keywords: private investment, wages, wage, fiscal policy, adjustment period

What role did monetary policy play in the adjustment process in Thailand, and what were the consequences for investment and output? In view of the fixed exchange rate and the relatively open capital account,...